Cryptoacademy Academy Week 13 Homework Post for Crpto-Prof @alphafx on the topic: Consensus algorithm. Written by @chinma
The Stellar Consensus Protocol (SCP) which is a Federated Byzantine Agreement (FBA) is a decentralized protocol made for the ease of financial transactions across borders without the need for a middleman.
Say for instance, my Aunt wants to send money to me from Canada, she would of course have to use the Western Union Money Transfer which would incur additional fees for both transfer and conversion to US Dollars from the Canadian dollars. In addition, I ha…